Virent is replacing crude oil. - LSU AgCenter36CA0490... · yields and economics. Overall process...
Transcript of Virent is replacing crude oil. - LSU AgCenter36CA0490... · yields and economics. Overall process...
© Virent 2012
Andrew Held Virent, Inc. Senior Director Feedstock Development
Louisiana Biofuels and Bioprocessing Summit September 11-12, 2012 Baton Rouge, LA
Virent is replacing crude oil.
Virent at a Glance The global leader in catalytic biorefinery research, development, and commercialization
Employees
Financial Infrastructure
120 Employees
25x Development Pilot Plants 1x 10,000 gal/yr Demo Plant
Partners & Investors
> $77 MM in Equity Funding > $75 MM in Gov & Industry
© Virent 2012 2
BioForming® Concept
Biomass
Cane
Corn
Reformate
Distillate
Biomass
Sugar Cane
Corn
Aqueous Phase
Reforming (APR)
Modified ZSM-5
Condensation + Hydrotreating
Aromatics Gasoline
Jet Fuel Diesel
Process flexibility enables the production of gasoline, aromatic chemicals, jet fuel and diesel from a variety of raw materials.
Feedstocks to APR include any water soluble carbohydrate. APR prepares biomass derived feedstocks for optimal
conversion into hydrocarbons. Option for natural gas co-processing significantly improve
yields and economics. Overall process efficiency > 85%.
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High Quality, Drop-in Fuels
Energy Dense, Drop-in Fuels
Premium Biogasoline – 120,000 Btu/gal
Virent Distillates Meet ASTM Specifications
Virent Fuel in Scuderia Ferrari Race Fuel
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Commercial Sugars and Cellulosics
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Cellulosics – Portfolio Approach Dilute acid and enzyme hydrolysis
Wet oxidation and enzyme hydrolysis
Cold Acid Solvent Extraction
Catalytic Biomass Deconstruction
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Fully Renewable Synthetic Jet Cellulosic Biomass to Jet Fuel, 3/26/2012
Distillation
10% recovered (T10), °C ≤205 182 164
EP, °C ≤300 265 290
T90-T10, °C ≥22 62 86
Thermal Stability
Temperature 260°C 325°C
Tube Deposit Rating <3 1 1
Change in Pressure, mm Hg ≤25 2 0
Excellent freeze point and density due to unique Virent jet composition
Very high thermal stability
Physical and Chemical Properties
Heat of Combustion (measured), MJ/Kg ≥42.8 43.3 43.3
Flash point, °C ≥38 51 40
Freeze Point, °C ≤-47 -50 <-60
Density @ 15°C, kg/L 0.775 - 0.840 0.804 0.805
Specification Test MIL-DTL-
83133G Spec Requirement
JP-8
Analysis from Wright Patterson AFB
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Phoenix (DE-EE0005357)
Blackbird (DE-EE0005006)
NABC (DE-AC36-08GO28308)
AC
Purification
Separations Benzene
Para-xylene
Bagasse
Corn Stover
Wood
RCL
DHOG Gasoline
Jet Fuel Diesel Fuel
Corn Stover Pre-treatment
Purification HDO AC Aromatic-Rich
Gasoline
Corn Stover Pre-treatm
ent Wood
Hydrolysis
HDO
The three projects above total more than $25 million; DOE support is >$20 million.
Fuel Co-product
Sustainable Bioproducts Initiative
LSU LED PROJECT - A REGIONAL PROGRAM FOR PRODUCTION OF MULTIPLE AGRICULTURAL FEEDSTOCKS AND PROCESSING TO BIOFUELS AND BIOBASED CHEMICALS
USDA NIFA AFRI Bioenergy CAP: Award No. 2011-69005-30515 Timeline: 5 year project starting Q3 2011
Virent and team members will demonstrate agronomic, economic, technical, and sustainability attributes for energy cane and sweet sorghum to biofuels and bioproducts in the Southeast U.S.
Purifi-cation
Hydro-carbons
Distillate
Aromatics / Gasoline
Sweet Sorghum
Energy Cane Process-ing
MS Process
Sustainability
MS Process
Economics
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World Petrochemical Market
Ethylene
Assoc. Gases /Naphtha
115 Mt/a
Estimates of world demand , 2009 Sources: ICIS Chemical Business; BMI, CMAI.
Propylene Butadiene Benzene Toluene Xylene
Olefins Aromatics
Crude Oil
70 Mt/a
11 Mt/a
40 Mt/a
23 Mt/a
40 Mt/a
Natural Gas Liquids
• Approximately 300M tonnes in 2009
• Market value ~ US$400B (today)
Virent focusing on BTX
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Catalytic Processing Offers Flexibility to Replace More than Fuels
0.0E+00
2.0E+06
4.0E+06
6.0E+06
8.0E+06
1.0E+07
1.2E+07
1.4E+07
1.6E+07
1.8E+07
2.0E+07
0 5 10 15 20 25 30 35 40 45
FID
Resp
onse
(Arb
itrar
y U
nits
)
Retention Time (Minutes)
11 % Benzene
1.2% Benzene
38 % Toluene
12 % Toluene
Optimized Product for Gasoline Blending
Composition Shifted for Aromatics Production
Product Composition Flexibility
Bio-reformate can replace typical reformate which is dominant feedstock for many chemicals, fibers, and plastics in use today
• Benzene
• Toluene
• Para-Xylene
• Meta-Xylene
• Ortho-Xylene
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Virent - TCCC
Adapted from Coca-Cola website graphic http://www.thecoca-colacompany.com/citizenship/plantbottle_basics.html
Current State-of-the-Art PET
PTA 69%
MEG 31%
Ethylene PX Petro-based feedstock
PET Resin
Blow molding
Petro-based feedstock
Bio-based feedstock Ethanol
Bio-MEG 31%
Today, the vast majority of PET is sourced from fossil derived feedstocks.
Partially bio-based PET bottles (up to 30%) can be produced from MEG that is derived from ethanol.
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100% Renewable, Recyclable PET
PTA 69%
MEG 31%
Ethylene PX Petro-based feedstock
PET Resin
Blow molding
Petro-based feedstock
Bio-based feedstock Ethanol
Bio-MEG 31%
Bio-based feedstock
BioFormPX
Bio-PTA 69%
Bio-PET Resin
Blow molding
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Virent technology for bio-based PX enables a 100% bio-based PET bottle that is:
• 100% Recyclable
• 100% Renewable
Adapted from Coca-Cola website graphic http://www.thecoca-colacompany.com/citizenship/plantbottle_basics.html © Virent 2012 13
Economics – Biomass Breakeven
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Notes: *Product Values utilize historic Crude to Product Value Ratios from Mid 2007 to Mid 2010 *Major Utilities Cost Assumptions of $4/mmbtu NG and $0.07/kw-hr *Includes Variable and Fixed costs
Cash cost breakeven for a Virent BioForming® refinery producing aromatics.
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0 50 100 150 200 250
Crud
e O
il, $
/BBL
Biomass, $/tonne
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IEA Projection
Industry Projection
Favors crude
Favors biomass
Green House Gas (GHG) Emissions Cradle To Grave Analysis
• Initial Virent internal GHG estimates conducted for one potential commercial plant configuration • GHG emissions calculated based on economic allocation methodology (5 yr. price average) • Utilized EcoInvent and GREET data in conjunction with GaBi software for GHG analysis. • Does not include any transportation effects post-gate.
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> 30% reduction
> 55% reduction
> 35% reduction
Summary Leading technology for catalytic conversion of plant matter
to direct replacement hydrocarbons, including aromatics.
Pursuing opportunities in aromatic chemicals as a first plant deployment Initial target is PX for the production of biobased PTA and PET.
Establishing strategic partnerships to commercialize biobased aromatics production and supply chain.
Advancing commercialization of Virent’s liquid fuels technology with Shell. Pursuing additional fuel opportunities with other third parties.
Developing pathways to advance integration with cellulosic feedstocks to further improve yields and profitability.
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Virent converts plant-based sugars into 100% renewable chemicals and fuels. Our bio-based products are identical to those produced from petroleum—direct replacements that utilize today’s processing, storage and transportation infrastructure.
Andrew Held, Senior Director Feedstock Development [email protected]
Thank you.
© Virent 2012